Development Associate - Affordable Housing
SoLa Impact, United States
Job Description
JOB SUMMARY
The Development Associate embraces SoLa’s mission and is passionate about promoting SoLa’s short and long-term goals. The Development Associate leads the entire pre-construction process for assigned projects, including analysis of potential acquisitions, obtaining the appropriate reports/surveys, securing approvals/permits from city and other government agencies, and coordinating a smooth hand-off to Construction Project Managers for demo and construction.
ABOUT THE COMPANY
SoLa Impact is a vertically integrated real estate private equity firm with a double bottom line strategy focused on preserving, refreshing, and creating high-quality affordable housing in low-income communities. We were awarded the PREA Emerging Manager ESG Award for 2022. We are a Los Angeles based real estate private equity and social impact fund that focuses on acquiring, developing, and renovating properties in Los Angeles and we have acquired 1500+ apartments and are in progress on an additional 1,500 ground up residential units. The Fund focuses on providing quality housing in historically depressed markets and revitalization of urban neighborhoods. We have just closed our fourth fund, The Black Impact Fund, with ~$300 million by end-2022. We offer a fast growing, fast paced environment which is intellectually challenging, yet extremely rewarding and fulfilling due to the social mission that we fulfill.
Requirements
ESSENTIAL DUTIES
- Obtain RTI (entitlements, permits, covenants, and other documents) for assigned projects in a timely and cost-effective manner
- Evaluate the feasibility of potential acquisitions, determine the scope of new developments, and make recommendations to the Acquisitions team based on the findings
- Lead due diligence research on assigned development projects
- Conduct site visits to assess benefits and obstacles of a particular property
- Coordinate with architects; review and approve architectural plans and construction documents
- Coordinate consultants and vendors (survey, environmental, geotechnical, etc.)
- Coordinate with Construction Project Managers for site demolition and hand-off to construction
- Request proposals and evaluate contracts from consultants to finalize project-support teams
- Maintain ongoing communications with team members and external stakeholders to execute contractual obligations within budget and schedule constraints
- Assist in creating investor presentations
- Create project schedules and update them as required
- Represent the organization professionally at external and internal meetings
- Complete other tasks and projects as assigned
EDUCATION amp; EXPERIENCE
- Minimum 4 years’ real estate development, architecture, construction, or related field experience required
- Bachelor’s Degree in Real Estate, Urban Planning, Architecture, Project Management, Construction Management, Finance, or related field required; Master’s Degree preferred
- Familiarity with zoning, building codes, plan check, entitlements, housing covenants, and the permitting process required
- Familiarity with the City of Los Angeles multifamily development preferred, including TOC projects, Planning Department, LADBS, HCID, etc.
- Construction knowledge/experience required
SKILLS amp; ABILITIES
- Proficient in MS Office and MS Project and GSuite
- Aptitude in preparing reports and presentations
- Ability to take on new tasks and quickly learn the ropes
- Exceptional interpersonal, verbal, and written communication skills; excellent follow through
- Ability to work independently and effectively in a fast-paced, demanding environment
- Ability to collaborate with others and utilize knowledge and resources to identify quality solutions
- Well-developed time management skills with the ability to manage multiple priorities
- Highly organized, resourceful, proactive, creative, detail-oriented, and critical thinking skills required; willingness and ability to learn quickly and on-the-fly
- Ability to exercise discretion and independent judgment
- Strong research skills and ability to process new information; ability to dig into technical details (zoning and building code, architectural plans, surveys, title reports, etc.)
- Ability to present information in a concise and easily understood manner
- Passionate about our missio
Benefits
SoLa Impact offers a comprehensive benefits package that includes paid vacation, medical, dental, vision, and life insurance, as well as pet insurance, sick leave, 10 paid holidays, and bereavement days. This package is designed to provide employees with a rang